Maui 85 yr. Old Japanese Restaurant

Not Disclosed, HI
Maui County

Low cost and Near lots of customers


Asking Price: Annual Revenue:
$250,000 $705,614

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Maui 85 yr. Old Japanese Restaurant Broker: Tom Caltrider

Quick Facts

Asking Price: $250,000
Annual Revenue: $705,614
Net Profit: Not Disclosed
Cash Flow: $152,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 1936
Employees: 8
BBN Listing #: 532252757
Broker Reference #: Maui Japanese Rest

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Business Overview:

This Maui restaurant is a local favorite for over 85 years and the current owners are retiring and are looking for a hard-working buyer or family to continue the legacy. Japanese generational recipes will be passed on to the new owners to keep the local clients coming back for more. It is the only sit-down Japanese restaurant with large capacity in Wailuku & Kahului for its population of over 30,000 locals plus some tourists and provides both lunch and dinner.

INVESTMENT HIGHLIGHTS
• STRONG BRAND NAME recognition and prestige by existing for 86 years
• Only sit-sit down for lunch and dinner Japanese restaurant in Wailuku, Kahului for 30,000 population
• 99% local traffic and not dependent on tourists
• Recipes passed down for generations

To receive a detailed Confidential Business Profile with full business and tax return based financial details, please contact Hawaii Business Sales.

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Property Features and Assets:

Status: Leased Monthly Rent: $2,203 base rent plus CAM; estimated CAM of $569 plus GET (@4%) $111, total: $2,884 Square Feet: estimated 2,000 Lease Expiration Date: 11/30/2023 Renewal options: 5-year option Offered fully turnkey.

Market Competition and Expansion:

Limited direct competition EXPANSION OPPORTUNITIES • Currently no liquor license. New owner could apply for a Maui County liquor license as a way to increase revenues. (Restaurant had a liquor license years ago) • New owner can add catering, advertise, and open longer • New owner could also refresh the interior to make it more appealing to customers

Reason for Selling:

Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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